Citizens Financial Group Inc (CFG) Shares Sold by Private Advisor Group LLC
Private Advisor Group LLC reduced its stake in shares of Citizens Financial Group Inc (NYSE:CFG) by 36.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,643 shares of the bank’s stock after selling 4,429 shares during the period. Private Advisor Group LLC’s holdings in Citizens Financial Group were worth $227,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Morgan Stanley grew its holdings in shares of Citizens Financial Group by 28.6% during the 3rd quarter. Morgan Stanley now owns 2,927,578 shares of the bank’s stock valued at $112,917,000 after acquiring an additional 650,344 shares in the last quarter. Hotaling Investment Management LLC bought a new stake in Citizens Financial Group in the fourth quarter worth $1,997,000. HRT Financial LLC bought a new stake in Citizens Financial Group in the third quarter worth $1,343,000. AXA boosted its holdings in Citizens Financial Group by 20.5% in the third quarter. AXA now owns 167,777 shares of the bank’s stock worth $6,471,000 after purchasing an additional 28,600 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Citizens Financial Group by 9.7% in the third quarter. Schroder Investment Management Group now owns 2,264,532 shares of the bank’s stock worth $87,343,000 after purchasing an additional 200,894 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.
CFG stock opened at $35.87 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.99 and a quick ratio of 0.98. Citizens Financial Group Inc has a 52-week low of $27.62 and a 52-week high of $45.65. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 0.54 and a beta of 1.44.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Thursday, January 31st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.57%. This is a boost from Citizens Financial Group’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, January 30th. Citizens Financial Group’s dividend payout ratio is 35.96%.
A number of equities research analysts recently issued reports on CFG shares. Zacks Investment Research upgraded shares of Citizens Financial Group from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Monday, November 19th. Macquarie upgraded shares of Citizens Financial Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, November 27th. Credit Suisse Group decreased their price objective on shares of Citizens Financial Group from $46.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, December 7th. Morgan Stanley decreased their price objective on shares of Citizens Financial Group from $48.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, December 11th. Finally, Royal Bank of Canada upgraded shares of Citizens Financial Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $40.91.
TRADEMARK VIOLATION NOTICE: “Citizens Financial Group Inc (CFG) Shares Sold by Private Advisor Group LLC” was posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.dailypolitical.com/2019/03/16/citizens-financial-group-inc-cfg-shares-sold-by-private-advisor-group-llc.html.
About Citizens Financial Group
Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
Read More: How do taxes affect a CDs total return?
Want to see what other hedge funds are holding CFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citizens Financial Group Inc (NYSE:CFG).
Receive News & Ratings for Citizens Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citizens Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.